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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: MythMan who wrote (35683)4/22/1999 6:10:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 86076
 
<THOUGHT OF THE DAY: Gold and its shares have made repeated attempts to decline
since late August 1998, but each one has been more convincingly repelled.
Meanwhile, gold speculators and analysts have responded with increasing pessimism
to each such decline, as evidenced by the sharp drop in call buying and implied
volatilities. Thus, maximum gloom coincides with minimum downside momentum. This
is the definition of a market set for a major rally, not only in the long run,
but in the short term. >
goldminingoutlook.com

Two weeks ago on Friday the xau rallied heavy on the COT report. Deja ja vu Manana?